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Constructing an entrepreneurship project evaluation system using a hybrid model

    Qi-Gan Shao Affiliation
    ; James J. H. Liou Affiliation
    ; Sung-Shun Weng Affiliation
    ; Peiyao Su Affiliation

Abstract

Due to the economic trends around the world and the strong support and guidance of relevant governments, the number of entrepreneurial projects has soared in China. It is necessary to construct a standard assessment system for entrepreneurial projects that is comprehensive and effective. This study extracted six dimensions and 23 criteria for evaluating entrepreneurial projects. This study applies the best and worst methods to obtain the weights of the dimensions and criteria. Then, the Technique for Order Preference by Similarity to an Ideal Solution method was used to evaluate the entrepreneurial projects in an entrepreneurial competition. The results show that team quality, the business model and entrepreneurship ability are the three most important dimensions for evaluating entrepreneurial projects. The improvement of the innovating ability, the training of the team and the value proposition are the three keys to successful implementation of the entrepreneurial projects.

Keyword : entrepreneurial project, project evaluation, hybrid model, MCDM, BWM, TOPSIS

How to Cite
Shao, Q.-G., Liou, J. J. H., Weng, S.-S., & Su, P. (2020). Constructing an entrepreneurship project evaluation system using a hybrid model. Journal of Business Economics and Management, 21(5), 1329-1349. https://doi.org/10.3846/jbem.2020.13165
Published in Issue
Jul 24, 2020
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This work is licensed under a Creative Commons Attribution 4.0 International License.

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